President Trump’s personal lawyer was just forced to admit defeat and dropped a libel lawsuit against private investigative firm, Fusion GPS, who produced the now-infamous “Steele Dossier” opposition report on the Trump-Russia affair and news website BuzzFeed, who was the first to make the bombshell document and its salacious allegations available to the public.

In January, Michael Cohen filed a federal lawsuit seeking to dispute former British intelligence officer Christopher Steele’s reports that he had traveled to Prague on behalf of the Trump campaign, allegedly to meet with Russian agents, during the late summer of 2016.

Attorney Michael Cohen’s own lawyer says that it is his impending downfall – either because the FBI’s recent raid of the attorney’s offices, his safety deposit box, his home and his hotel room or McClatchyDC’s report that Special Counsel Mueller has evidence that confirms the dossier’s report of his trip to Prague – has compelled Trump’s personal fixer to withdraw his libel lawsuit. Buzzfeedreports:

“The decision to voluntarily discontinue these cases was a difficult one,” Cohen’s attorney David Schwartz told BuzzFeed News. “We believe the defendants defamed my client, and vindicating Mr. Cohen’s rights was — and still remains — important. But given the events that have unfolded, and the time, attention, and resources needed to prosecute these matters, we have dismissed the matters, despite their merits.”

Michael Cohen’s libel lawsuit wasn’t going very well in the first place, because the civil lawsuit exposed him to a withering series of demands to produce and preserve records by BuzzFeed’s lawyers which ensnared most of Trump’s inner circle, while the news outlet’s attorneys sought to “really to know what it was Mr. Cohen did for the Trump campaign because it would help us in our defense of the libel litigation.”

President Trump issued grandiose personal threats in January to coincide with the filing of the lawsuit, proposing an expansion of America’s libel laws – but as usual, his remarks were full of sound and fury, but signified nothing.

BuzzFeed’s spokesman responded to Cohen’s voluntary dismissal of the case by blowing raspberries at Trump and praising Mueller’s investigation:

Here’s our response to Michael Cohen choosing to end his lawsuit against @BuzzFeed and the journalists who oversaw publication of the Steele dossier pic.twitter.com/jWdSlbmYO2

Over the weekend, Cohen begged a California court for a 90-day stay in porn star Stormy Daniels’ civil lawsuit against him because continuing the case might require him to plead the 5th Amendment against giving self-incriminating testimony.

Trump attorney, Michael Cohen runs a law practice that appears to primarily consist of deviously obtaining hush money deals for his clients, President Trump and disgraced former RNC National Finance co-chair Eliott Broidy. Nobody knows what exactly Cohen does for Sean Hannity, the Fox News entertainer, who was dramatically revealed as his third client this week.

The timing of Michael Cohen’s decision to drop the counter-attack against Buzzfeed & Fusion comes at a critical time when another plaintiff is working to depose Christopher Steele in a separate civil matter over the same passage of his dossier in Florida’s federal courts.

No matter why Cohen canceled his libel lawsuits today, it’s got to be a tremendously bad sign for the longtime Trump Organization executive and current RNC national finance co-chair.